Black Monday...

[MODU]

What are the chances for AIG to explode?
How big would that hit Wall Street?

AIG has been bailed out this evening.

[ChrisFromNJ]

The Down is down 450 at close. The traders jumped off a cliff to sell off in the last 30 minutes. It was -300 at 3:30.

[daboese]

That makes about 7.5% for this week.

[Meeker]

We also hit the 52-week low today.

[MODU]

The Down is down 450 at close. The traders jumped off a cliff to sell off in the last 30 minutes. It was -300 at 3:30.

The last 30 minutes are always the 'fun' times, since people tend to close out their trade books by then. 

[○∙◄☻¥tπ[╪AV┼cVê└]

Bush isn't even good for the rich investor class.

S&P 500 when he took office: 1342.54
S&P 500 at the bell on Friday: 1251.70

That's a drop of 6.8% over the entire 7 2/3 years so far of the Bush administration, and that number is bound to be a bit worse after this Black Monday.

Not a good week so far, it's now 1156.39, a drop of 13.9% during the Bush administration, and a drop of 7.6% so far this week.

[daboese]

And it affects London as well.
HBOS is obviously getting swallowed by Lloyds.
I am not quite sure if we have seen the end of the crisis yet.

[J. J.]

Commodity prices are well off their highs, which is a good sign.

[NOVA Green]

Looks like the crisis is starting to hit Asia....

[Nym90]

For those of us who are poor enough that it actually affects our daily lives dramatically and isn't just a game or numbers on a computer screen, this has been brutal.

[J. J.]

You might see interest rates increase, long term.

I think the day of crisis will be Friday or Monday.

And Asia is reflective.

How many of you can actually remember the last economic shock, other than 9/11?  Seriously

[??????????]

<~~~ Consolidating my 401(k) into 100% contribution towards my company stock. Way more stable and better return then the stock market. Last quarter I earned nearly 8% off my company stock but lost -3% overall due to my contributions into other stocks.

[○∙◄☻¥tπ[╪AV┼cVê└]

You might see interest rates increase, long term.

I think the day of crisis will be Friday or Monday.

And Asia is reflective.

How many of you can actually remember the last economic shock, other than 9/11?  Seriously

I remember that the other President George Bush had a crappy economy too, although it wasn't this bad.

[J. J.]

You might see interest rates increase, long term.

I think the day of crisis will be Friday or Monday.

And Asia is reflective.

How many of you can actually remember the last economic shock, other than 9/11?  Seriously

Actually, it was much worse.  The S and L crisis.

I remember that the other President George Bush had a crappy economy too, although it wasn't this bad.

[J. J.]

Is this now White Thursday the day the crisis ends?

[Person Man]

Cool! The Feds are showing signs that they may be willing to nationalize all bad loans...

[Small Business Owner of Any Repute]

Is this now White Thursday the day the crisis ends?

The wild one day swings make me a bit nervous, but I'm glad to see the shares of Citibank I bought this week are already up 15%.

[MODU]

Is this now White Thursday the day the crisis ends?

Just a natural correction to an over-reactive market.

[○∙◄☻¥tπ[╪AV┼cVê└]

You might see interest rates increase, long term.

I think the day of crisis will be Friday or Monday.

And Asia is reflective.

How many of you can actually remember the last economic shock, other than 9/11?  Seriously

Actually, it was much worse.  The S and L crisis.

I remember that the other President George Bush had a crappy economy too, although it wasn't this bad.

Oh, yeah, Keating Five. We have some of the same problems again this time. That deregulation Reagan got through worked out real well.

[J. J.]

You might see interest rates increase, long term.

I think the day of crisis will be Friday or Monday.

And Asia is reflective.

How many of you can actually remember the last economic shock, other than 9/11?  Seriously

Actually, it was much worse.  The S and L crisis.

I remember that the other President George Bush had a crappy economy too, although it wasn't this bad.

Oh, yeah, Keating Five. We have some of the same problems again this time. That deregulation Reagan got through worked out real well.

That was theft; this is stupidity.

[NOVA Green]

You might see interest rates increase, long term.

I think the day of crisis will be Friday or Monday.

And Asia is reflective.

How many of you can actually remember the last economic shock, other than 9/11?  Seriously

Not all of us are so young....

Asia is reflective, although it looks like markets fell again today.

[J. J.]

You might see interest rates increase, long term.

I think the day of crisis will be Friday or Monday.

And Asia is reflective.

How many of you can actually remember the last economic shock, other than 9/11?  Seriously

Not all of us are so young....

Asia is reflective, although it looks like markets fell again today.

If this stabilizes by Monday, it's over.  It won't affect the election.

[NOVA Green]

You might see interest rates increase, long term.

I think the day of crisis will be Friday or Monday.

And Asia is reflective.

How many of you can actually remember the last economic shock, other than 9/11?  Seriously

Not all of us are so young....

Asia is reflective, although it looks like markets fell again today.

If this stabilizes by Monday, it's over.  It won't affect the election.

This could easily all fade by Monday once the media news cycle runs its course and they switch to another lead story.

Still it will remain in the background as an issue, and it does potentially shift the terrain slightly in Obama's favor even if WaMu or another large financial leader doesn't go belly-up.

Every day matters and this is the beginning of the time frame when low-information voters are starting to tune in....

Next stop, the debates.....

[J. J.]

You might see interest rates increase, long term.

I think the day of crisis will be Friday or Monday.

And Asia is reflective.

How many of you can actually remember the last economic shock, other than 9/11?  Seriously

Not all of us are so young....

Asia is reflective, although it looks like markets fell again today.

If this stabilizes by Monday, it's over.  It won't affect the election.

This could easily all fade by Monday once the media news cycle runs its course and they switch to another lead story.

Still it will remain in the background as an issue, and it does potentially shift the terrain slightly in Obama's favor even if WaMu or another large financial leader doesn't go belly-up.

Every day matters and this is the beginning of the time frame when low-information voters are starting to tune in....

Next stop, the debates.....

It probably won't be a lasting issue, if it ends Friday or Saturday.

[J. J.]

Platinum Friday?